Analysis of Demand Elasticity for Two Types of Humanoid Robot Motors.
In the first three articles, we introduced the relevant solutions and applications of joint motors for humanoid robots. Today, we will take a look at the industrialization of humanoid robots and analyze the demand elasticity for DC brushless torque motors and hollow cup motors.
1. Analysis of Demand Elasticity for DC Brushless Torque Motors
The global torque motor market size in 2022 is 610 million US dollars, accounting for only 0.4% of the overall size of the global motor market. According to precedent research data, the global motor market size in 2022 is expected to reach $145.1 billion, and is projected to reach $292.2 billion by 2032, with a compound annual growth rate of 7.3%.
According to Technavio data, the compound annual growth rate of the global torque motor market size from 2017 to 2022 was 8.8%. In 2022, the global torque motor market size was 610 million US dollars, and the DC brushless torque motor market size was about 350 million US dollars, accounting for 57% of the total global torque motor market size.
So we can calculate the demand elasticity for DC brushless torque motors in the mass production of humanoid robots. When the annual sales of humanoid robots reach 1 million units, the annual market size of DC brushless torque motors will increase by 14-28 billion yuan, which is equivalent to 5-11 times the market size in 2022.
2. Analysis of Demand Elasticity for Hollow Cup Motors
Hollow cup motors are a subdivision product of micro special motors. According to QY Research data, the global market size of hollow cup motors in 2022 is $748 million, a year-on-year increase of 10.55%. By region, the Asia Pacific, Europe, and North America regions account for 49%, 25%, and 20% respectively. By product category, the market size of brush hollow cup motors in 2022 is $492 million, accounting for 65.8%; The market size of brushless hollow cup motors is 256 million US dollars, accounting for 34.2%.
We calculated the demand elasticity of hollow cup motors for humanoid robots at different production scales. When the annual sales of humanoid robots are 10/50/1 million units, the market size of hollow cup motors is 12/48/7.2 billion yuan, with elasticity of 35%/139%/209% relative to the market size in 2022.
